Question

USA Oil Corporation signs an instrument that states it is being executed "in accord with a contract for the purchase of 4,000 barrels of oil dated May 1." This instrument is
A.negotiable.
B.nonnegotiable, because information about the sale must be obtained from another source.
C.nonnegotiable, because it states an express condition to payment.
D.nonnegotiable, because the terms of the sale are not clear.

Answer

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